Sudden Panic Sparks $200B Bitcoin and Crypto Price Crash
The URL from then...
www.forbes.com
There was a drop from near $100k to around $90.
On that thread I said, "It's just Bitcoin being Bitcoin."
And I provided a link to another example of such a move.
Well, guess what, this evening Bitcoin is back to (actually over) $100,000.
But, taking a step back from the day to day prices, I have to ask, why Bitcoin?
What is propping up that valuation?
My current opinion is that Bitcoin's price has risen due to the inherent anti-establishment aspect of Bitcoin.
imo, Bitcoin is all about decentralized finance. And that is appealing of late.
Drudge Retort Headlines
Biden Last Minute Pardons for His Family (115 comments)
Trump Commutes Sentences of Proud Boys, Oath Keepers Heads (48 comments)
Meet the Violent Jan. 6 Criminals Trump Let Back on the Streets (29 comments)
Trump Pardons Silk Road Founder Ross Ulbricht (27 comments)
Florida Declares State of Emergency Ahead of Winter Storm (27 comments)
Bishop at Inaugural Prayer Service Pleads for Trump to 'have mercy' (23 comments)
Right-Wing Extremists Abuzz Over Musk's Straight-Arm Gesture (23 comments)
'I Just Can't Agree': Trump's Jan. 6 Pardons Face Pushback from Some Republican Senators (20 comments)
Trump Orders US Withdrawal from WHO (19 comments)
Trump Launches Attack on 14th Amendment (17 comments)